All articles tagged with #biglaw
Logan Brown recounts being billed $600 per hour for data-entry tasks at a Harvard-educated law firm and argues that AI is reshaping the legal industry by enabling tech-driven firms and democratizing access to high-quality legal services, a shift that could shrink BigLaw’s dominance while expanding opportunities for both clients and young lawyers.
Weil, Gotshal’s corporate chair Michael Aiello is leaving for Cravath, but insiders describe a sense of relief rather than mourning: Aiello was highly influential and highly paid, yet viewed as a roadblock to growth and recruitment. Departures like Sachin Kohli and other hiring frictions underscore a push for broader expansion. Weil aims to move forward with a bigger, entrepreneurial platform, turning the leadership change into an opportunity rather than a setback while remaining busy with substantial workload.
William Savitt, Wachtell Lipton’s co-chair of litigation and a three-decade veteran known for Musk-related cases, is joining Gibson, Dunn & Crutcher with a team — Sarah Eddy, Randall Jackson, Ryan McLeod, Anitha Reddy and Bradley Wilson — to co-chair Gibson Dunn’s litigation practice, signaling a notable Big Law reshuffle as Gibson Dunn bolsters its trial bench.
Milbank announces global special bonuses up to $25,000 for all associates and special counsel, on top of earlier June salary raises; bonuses are payable by August 31, 2026, signaling pressure for other BigLaw firms to match in the near term.
A viral video shows a BigLaw partner and an associate kissing on a public park bench, drawing scrutiny over professional boundaries, privacy in public spaces, and potential billing concerns; commentators suggest not filming or posting colleagues' personal moments and avoiding inappropriate work relationships.
Susman Godfrey has bumped associate salaries above the Milbank market rate across all year groups, complemented by its large year-end bonuses. The move reinforces the firm’s reputation for high compensation to attract top talent, even as it remains active in high-profile litigation including challenges to a Trump administration order.
Milbank kicked off a $235K associate salary scale in June 2026 and many firms have since matched it or raised salaries, with seasonal bonuses following the same timeline. The piece provides a live table showing which firms matched, the 2026/2025 scale at $235K (and $455K for older classes), minimum billable-hours requirements for bonuses (often 1,800–2,000 hours), and payout dates, with daily updates and a tips line for corrections.
Nicolo Nourafchan, a former mergers-and-acquisitions attorney who worked at Sidley Austin, Latham & Watkins, and Goodwin Procter, pleaded not guilty in a Boston federal court to leading a decade-long insider-trading scheme prosecutors say netted tens of millions by siphoning confidential information on roughly 30 deals and passing tips to traders and go-betweens. He’s joined by 14 other charged defendants, including his brother Lorenzo Nourafchan and co‑conspirator Robert Yadgarov; several others have pleaded guilty. Prosecutors say participants used disposable phones, encrypted messaging, face‑to‑face meetings, and coded language (e.g., before Amazon’s 2022 iRobot deal). The SEC has a parallel civil suit against 21 defendants. A conviction on the gravest counts carries up to 25 years in prison.
The DOJ charged 30 individuals, including former Biglaw attorneys, in a decade-long insider-trading operation that allegedly leveraged non-public information from major law firms, routed through a layered network of traders and sources, and used burner phones and coded language; the scheme referenced deals like iRobot and Amazon, with 19 arrests and two fugitives, while unnamed victim firms likely include some of the country’s largest M&A practices.
Federal prosecutors unveiled indictments alleging a wide-scale insider-trading scheme that used nonpublic mergers-and-acquisitions information stolen from major law firms to net tens of millions in profits, tying deals at companies like Actelion, Amazon, Anadarko, eBay, iRobot, Johnson & Johnson, Occidental Petroleum and Permira to traders.
Federal prosecutors unveiled indictments alleging a multimillion-dollar insider trading scheme that used nonpublic information about mergers and acquisitions handled by top law firms (including Goodwin Procter, Latham & Watkins, Sidley Austin, Wachtell Lipton, and Weil Gotshal) to trade on deals involving major companies such as Amazon, Johnson & Johnson, and eBay.
BTI Consulting Group's annual ranking highlights the most feared litigation firms by in-house counsel, with Quinn Emanuel, Kirkland & Ellis, Skadden, and Gibson Dunn topping the list as the 'Fearsome Foursome,' while other firms are recognized as 'Feared,' 'Awesome,' or 'Intimidating Opponents' in the legal industry.
The 2025 Am Law A-List ranks the top 10 elite law firms in America based on financial and cultural metrics such as revenue per lawyer, pro bono work, associate satisfaction, and diversity, with Munger Tolles & Olson leading the list.
A summer associate at Sidley in New York was dismissed after repeatedly biting colleagues, an unusual and disruptive behavior that drew attention to her conduct during her summer at the law firm.
A significant number of partners from Willkie Farr's West Coast offices are leaving for firms like Cooley that stand for the rule of law, following the firm's decision to support Trump's executive orders with pro bono payola, which has led to concerns about the firm's commitment to legal principles and the potential decimation of its San Francisco office.